63rd Congress
The 63rd Congress of the United States convened from March 4, 1913, to March 4, 1915. It was a significant period marked by the leadership of President Woodrow Wilson, who introduced several progressive reforms. The Congress was composed of the Senate and the House of Representatives, with key legislation focusing on issues like tariff reform and banking.
During this Congress, the Federal Reserve Act was passed in 1913, establishing the central banking system of the United States. Additionally, the 16th Amendment was ratified, allowing the federal government to impose an income tax. These changes had lasting impacts on American economic policy.